PARRIS N. GLENDENING, Governor

S.B. 689

(M) BEFORE THE FINAL ADOPTION OF AN ORDINANCE OR RESOLUTION
UNDER THIS SECTION THAT DESIGNATES A COMMUNITY DEVELOPMENT
AUTHORITY, AUTHORIZES THE ISSUANCE OF BONDS, OR LEVIES AD VALOREM
TAXES OR SPECIAL TAXES OR FEES, THE COUNTY COMMISSIONERS SHALL HOLD A
PUBLIC HEARING AFTER GIVING NOT LESS THAN 10 DAYS NOTICE IN A NEWSPAPER
OF GENERAL CIRCULATION IN THE COUNTY.

(N) (1) AS AN ALTERNATIVE TO LEVYING AD VALOREM TAXES UNDER THIS
SECTION, THE COUNTY COMMISSIONERS MAY LEVY SPECIAL TAXES OR FEES ON
PROPERTY IN A COMMUNITY DEVELOPMENT AUTHORITY TO COVER THE COSTS OF
INFRASTRUCTURE IMPROVEMENTS.

(2)      IN DETERMINING THE BASIS FOR AND THE AMOUNT OF THE TAX OR
FEE, THE COST OF AN IMPROVEMENT MAY BE CALCULATED AND LEVIED:

(I)      EQUALLY PER FRONT FOOT, LOT, PARCEL, DWELLING UNIT,
OR SQUARE FOOT;

(II)     ACCORDING TO THE VALUE OF THE PROPERTY AS
DETERMINED BY THE COUNTY COMMISSIONERS, WITH OR WITHOUT REGARD TO
IMPROVEMENTS ON THE PROPERTY; OR

(III)   IN ANY OTHER REASONABLE MANNER THAT RESULTS IN
FAIRLY ALLOCATING THE COST OF THE INFRASTRUCTURE IMPROVEMENTS.

(3)      THE COUNTY COMMISSIONERS MAY PROVIDE BY ORDINANCE OR
RESOLUTION FOR:

(I)      A MAXIMUM AMOUNT TO BE ASSESSED WITH RESPECT TO ANY
PARCEL OF PROPERTY LOCATED WITHIN A COMMUNITY DEVELOPMENT
AUTHORITY;

(II)     A TAX YEAR OR OTHER DATE AFTER WHICH NO FURTHER
SPECIAL TAXES OR FEES UNDER THIS SECTION SHALL BE LEVIED OR COLLECTED ON
A PARCEL; AND

(III)    THE CIRCUMSTANCES UNDER WHICH THE SPECIAL TAX OR
FEE LEVIED AGAINST ANY PARCEL MAY BE INCREASED, IF AT ALL, AS A
CONSEQUENCE OF DELINQUENCY OR DEFAULT BY THE OWNER OF THAT PARCEL
OR ANY OTHER PARCEL WITHIN THE COMMUNITY DEVELOPMENT AUTHORITY.

(4)      THE COUNTY COMMISSIONERS MAY REQUIRE SPECIAL TAXES OR
FEES TO BE PAID EITHER PERIODICALLY OVER THE TERMS OF THE BONDS OR IN
ONE LUMP SUM AMOUNT DUE AT THE SALE OF A LOT, THE ISSUANCE OF A BUILDING
PERMIT, OR THE OCCURRENCE OF ANOTHER EVENT.

(5)      THE COUNTY COMMISSIONERS MAY IMPOSE OR LEVY TAXES OR
FEES IN DIFFERENT AMOUNTS WITHIN A COMMUNITY DEVELOPMENT AUTHORITY
TO REFLECT THE EXTENT TO WHICH DIFFERENT PARCELS OF PROPERTY BENEFIT
DIFFERENTLY FROM THE INFRASTRUCTURE IMPROVEMENTS BEING FINANCED OR
OTHER APPROPRIATE DISTINCTIONS AMONG PARCELS OF PROPERTY. THE COUNTY
COMMISSIONERS MAY CREATE SUBAUTHORITIES WITHIN A COMMUNITY

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